Fighting greed

Discussion in 'Trading' started by Jdesey, Jun 24, 2022.

  1. Jdesey

    Jdesey

    I’m sure folks can relate. I just pulled an awesome 90% profit on calls for visa and only held for two days. Of course had held for just one more day it would’ve been over 200% return. This tends to drive me crazy I have issues
     
  2. ElCubano

    ElCubano

    Imagine if you would have held one more day and got stopped out instead. let it go...Looking back is easy.
     
  3. Jdesey

    Jdesey

    Good damm point.
     
  4. Handle123

    Handle123

    Being 100% to accomplishing Trading Plan rules means more to me than profits. Deep down knowing if I stick to Trading Plan, will have profitable year. Learning acceptance is very tough.
     
    nooby_mcnoob likes this.
  5. you'll never go broke taking a profit.
     
    Overnight likes this.
  6. SunTrader

    SunTrader

    Whoever first said that clearly wasn't thinking logically.

    And that is conventional, but certainly not wisdom.
     
  7. to troll that comment says a lot.
     
  8. deaddog

    deaddog

    As long as you don't take big losses.
     
    easymon1 likes this.
  9. as soon as you need big multi-bagger wins to offset big losses... well ... i just don't care anymore
     
  10. Everyone can do that, more or less.
    The....trick....is being able to do that, more or less, consistently, on average.

    Every f'n trader mentions the relatively rare win. Big deal.
    Show me a trader....who can do that same accomplishment feat....day in, day out....trade, after trade,

    If a trader truly knows what they are doing...they can generate millions per year in the market. For everyone else....they are just merely hoping and praying and gambling....finishing the year at break-even, at best, if not at a loss.
     
    Last edited: Jun 24, 2022
    #10     Jun 24, 2022
    Jzwu2017 and stochastix like this.